After a 35% Crash, Is Now the Time to Be Bullish on Pi? Analysts Weigh In

Despite initial enthusiasm following the long-anticipated launch of its token, the price of Pi Network has crashed 35% to hit its all-time low (ATL). That said, the losses are part of the wider cryptocurrency market downturn that has seen other digital assets decline, too.

Since it started to demonstrate mixed signals with short-term bearish trends about a week ago, $PI has continued to drag its feet. Today, it dropped to $0.40 in a matter of hours, or before slightly recovering again, according to the most recent chart data from .

Notably, Pi Network’s price movements were largely steady, if unimpressive, since the token’s all-time high (ATH) of $2.84, reached on February 27 this year, just a few days after its long-awaited release. A brief sign of recovery appeared on May 12, when $PI hit $1.522, but it was soon hit by harsh market realities.

Meanwhile, the entire crypto market has been going through a bit of a rough patch lately, during which many other assets have been registering declines. Even the market leaders, Bitcoin (BTC) and Ethereum (ETH), have seen losses of 2.76% and 8.71%, respectively.

That said, crypto analysts retain optimism regarding Pi Network’s long-term potential, expecting the price to once both the project and its popularity expand. According to CoinCodex, it should trade between $0.46 and $0.67 from 2025 to 2027 before jumping to $0.91 – $2.81 by 2028.

At the same time, DeepSeek forecasts a gradual increase to a range of $200 to $500. The generative AI model expects a rise as a result of the growing adoption and use of Pi Coin around the world. The team at Bitget is even more optimistic and believes Pi will reach a value of between $500 and $1,000 by 2030.

Still, Pi Network’s focus since its inception was never the price performance of its token (although it helps in adoption) but its utility in the ecosystem. Hence, those who see things this way, including its developers, probably won’t be exceptionally concerned that its value has dropped.